Boston, MA 06/17/2014 (wallstreetpr) – Neptune Technologies & Bioressources-Ord (NASDAQ:NEPT) has announced the resumption of operations at its enhanced facility at Sherbrooke. The company also accompanied its plant reopening news with big promises for the future, which mainly hinge on market expansion.
The company announced that it has obtained all the requirements for operating the plant. Commenting on the latest development, Interim CEO and CFO Andre Godin said they have laid a good foundation for growth in the reopened facility and therefore expect to live with their reputation as a premier manufacturer of krill oil. He also termed the development a “new beginning for the Corporation.”
Enhanced capacity
The facility now features robust safety measures in efforts to ensure the well being of the workers. Additionally, the Sherbrooke plant boasts modern equipment that will not only support efficient operation, but also allow enhanced manufacturing practices. In fact, Neptune Technologies & Bioressources-Ord (NASDAQ:NEPT) announced that the facility is capable of supporting doubling of capacity when need arises.
Production in the reopened facility is expected to resume gradually. However, the company intends to observe an annual production capacity of 150 tonnes of krill oil.
The facility will mainly focus on producing premium krill oil known as NKO, which is the original krill oil that features the highest omega-3 phospholipids concentration. The company also intends to make available new products through the facility. The products are expected to be launched later this year, and they include NKO BEAT, which supports heart health and proper blood circulation; NKO FLEX, which supports bone and joint health; and NKO FOCUS, which supports brain and vision health.
Meeting market need
Backed by a strong patent estate and reputable brand name, Neptune Technologies & Bioressources-Ord (NASDAQ:NEPT) believes it can do more to support its top and bottom line. The company intends to provide differentiated products that will boost its sales and increase profits.
As the company focuses on delivery quality and differentiated products to the market, it expects to grow its market presence and promote a healthier way of life in the world today.
